September 2011 Mary Schurr Charlotte Real Estate Newsletter
4
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties S E P T E M B E R 2 0 1 1 There were 2289 total closings in Aug. 2011, up 25.6% compared to Aug. 2010. 70% of all home sales in Aug. 2011 were in the $200,000 and under category. The average closing price for the Charlotte metro area in Aug. 2011 was $205,915, down 9.2% from Aug. 2010. In Aug. 2011, new listings decreased by 18.4%, pending sales increased by 24.6%, total active listings decreased by 22.5%. Residential Closings - Entire MLS August 2010 - August 2011 August 2011 Sales by Price Range www.helenadamsrealty.com the Current Active Listings by Price Range Under $100,000 $100,001 - $150K $150,001 - $200K $200,001 - $300K $300,001 - $450K Total Active Listings = 20,924 20% 20% 18% 11% 3% ASP = Average Sold Price Data Courtesy Carolina MLS. Total Sold August, 2011 = 2289 Data Courtesy Carolina MLS. $450,001 - $600K $600,001 - $800K 17% 5% $800,001 - $1M Over $1 Million 2% 1% Under $100,000 $100,001 - $150K $150,001 - $200K $200,001 - $300K $300,001 - $450K 35% 19% 18% 12% 5% $450,001 - $600K $600,001 - $800K 16% $800,001 - $1M Over $1 Million 1% 1% 3% Change in Closed Sales Change in New Listings Average Sales Price Total Active Listings Months Supply of Homes for Sale Average Days on Market Pending Sales +25.6 +24.6 -18.4% -9.2% -22.5% 146 11.4 Mary Schurr 704-591-5703 [email protected] Mary Schurr 704-591-5703 [email protected] www.maryschurr.com
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Information about the Charlotte NC region real estate stats for the month of August 2011 using data from the local Multiple Listing Service.
Transcript of September 2011 Mary Schurr Charlotte Real Estate Newsletter
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
S E P T E M B E R 2 0 1 1
There were 2289 total closings in Aug. 2011, up 25.6% compared
to Aug. 2010. 70% of all home sales in Aug. 2011 were in the
$200,000 and under category. The average closing price for the
Charlotte metro area in Aug. 2011 was $205,915, down 9.2% from
Aug. 2010. In Aug. 2011, new listings decreased by 18.4%, pending
sales increased by 24.6%, total active listings decreased by 22.5%.
Residential Closings - Entire MLS August 2010 - August 2011
August 2011 Sales by Price Range
www.helenadamsrealty.com
the
Current Active Listings by Price Range
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
Total Active Listings = 20,924
20%
20%
18%
11%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold August, 2011 = 2289
Data Courtesy Carolina MLS.
$450,001 - $600K
$600,001 - $800K
17%
5%
$800,001 - $1M
Over $1 Million
2% 1%
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K 35%
19%
18%
12%
5%
$450,001 - $600K
$600,001 - $800K
16%
$800,001 - $1M
Over $1 Million
1% 1% 3%
Change in
Closed Sales
Change in
New Listings
Average
Sales Price
Total Active
Listings
Months Supply of
Homes for Sale
Average Days
on Market
Pending
Sales
+25.6 +24.6 -18.4% -9.2% -22.5% 146 11.4
Mary Schurr
704-591-5703
Mary Schurr 704-591-5703 [email protected] www.maryschurr.com
Page 2 On the Move - Helen Adams Realty Volume 4, Issue 9
Closed Units by Area August 2011 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units Closed
1 Year Change
Average Sales Price
Charlotte - Gastonia - Rock Hill 1772 +23.1 $211,400
All of Mecklenburg County 1066 +23.7 $219,763
01 - Mecklenburg County (N) 182 +14.5 $ 178,481
02 - Mecklenburg County (E) 139 +46.3 $ 98,450
03 - Mecklenburg County (SE) 57 +3.76 $ 151,443
04 - Mecklenburg County (SSE) 104 +14.3 $ 329,703
05 - Mecklenburg County (S) 197 +10.1 $ 360,370
06 - Mecklenburg County (SSW) 72 +50.0 $ 188,826
07 - Mecklenburg County (SW) 81 +97.6 $ 123,018
08 - Mecklenburg County (W) 62 +24.0 $ 74,107
09 - Mecklenburg County (NW) 97 +24.4 $160,942
10 - Union County 189 +7.4 $ 261,095
11 - Cabarrus County 186 +27.4 $ 190,989
12 - Iredell County 174 +42.6 $ 239,822
13 - Lake Norman 122 +27.1 $ 403,584
14 - Lincoln County 52 +15.6 $ 173,285
15 - Lake Wylie 39 +25.8 $306,662
16 - Gaston County 149 +3.5 $ 127,225
17 - York County, SC 178 +8.5 $233,365
42 - Mtn. Island Lake 17 +35.3 $179,607
99 - Uptown Charlotte 11 -15.4 $285,933
TOTAL (for All CMLS Area) 2289 +25.6 $205,915
August Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+9.7% -0.1% -4.5% Price Range with
Strongest Sales:
Under $100,000
# Bedrooms
Strongest Sales:
4+ bedrooms
Property Type
Strongest Sales:
Single Family
Page 3 On the Move - Helen Adams Realty Volume 4, I ssue 9
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, August, 2011
Data Courtesy Carolina MLS.
Mary Schurr 704-591-5703 [email protected] www.maryschurr.com
Page 4 On the Move - Helen Adams Realty Volume 4, I ssue 9
August 2011 Home Sales Overview
Despite some rough economic sledding in
August, there have been noteworthy shifts
on both sides of the closing table. Buyer
activity is moving back in line with historical
trends while sellers are making fewer con-
cessions in order to sell their homes. Falling
supply and improving absorption rates in
many regions also suggest that market bal-
ance is realigning towards neutral. Locally,
a few indicators posted positive movement
Buyer Activity and Market Balance is Stabilizing Data and article excerpts from CMLS & 10K Research
over August 2010. New Listings in the Char-
lotte region decreased 18.4 percent to
3,886. Pending Sales were up 24.6 percent
to 2,258. Inventory levels shrank 22.5 per-
cent to 20,924 units, dampening any poten-
tial oversupply issues down the road. Prices
dipped lower. The Median Sales Price de-
creased 2.5 percent to $158,000. List to
Close increased 0.1 percent to 146 days.
Absorption rates improved as Months Sup-
ply of Inventory was down 15.3 percent to
11.4 months. The economy bobbed along
just this side of positive in August. Con-
sumer confidence, which often affects
housing demand, showed some slack even
as personal income and spending both in-
creased modestly. Low interest rates, de-
clining supply and stabilizing prices are bea-
cons of hope in the harbor, but the recov-
ery still needs wind in its sails
Mary Schurr
704-591-5703
www.maryschurr.com
RANDOLPH ROAD
2301 Randolph Road, Charlotte, NC 28207
BALLANTYNE
15235-J John J. Delaney Dr., Charlotte, NC
28277
LAKE NORMAN
8600 Sam Furr Rd. Suite 150, Huntersville,
NC 28078
